Optimist
  • News
  • Sports
  • Opinion
    • Columns
    • Editorials
    • Letters to the Editor
  • Features
    • Book Review
  • Multimedia
    • Photo Galleries
    • Videos
  • Police Log
  • Print Edition
  • Projects
  • Classifieds
  • About
    • Advertise
    • Policies
    • Staff Contacts
    • Jobs
You are here: Home / News / University endowment fund exceeds yearly goals
The Collegiate Entrepreneur's Association will host start up week beginning November 13th (Photo by Matthew Baker)

University endowment fund exceeds yearly goals

September 29, 2017 by Evan Rodriguez

In 1991, when Jack Rich joined the university as Chief Financial Officer, the endowment was valued at $50 million. Fast forward to today, and the endowment currently sits between $395-$400 million with Jack Rich serving as the Chief Investment Officer for the endowment.

The endowment is made up of monetary gifts or income producing property given to the university. Generally, the endowment is kept intact, with the income generated from investing it, being used to fund the university’s day-to-day operations.

The investment strategy for the endowment has gone through many iterations since the 1940’s. In the 40’s, the endowment consisted mainly of royalties interests in the oil and gas industry, with some continuing to providing value to this day. In the 80’s, investments were made into primarily fixed income assets and bonds.

Nowadays, the endowment is invested in a plethora of asset classes ranging from public equities in domestic and emerging markets, hedge funds, private equity, real estate and fixed income assets.

Notably, the endowment also manages a 25,00 acre ranch in West Texas. Rich said the university has been working for the last 3 years on ways to monetize the property.

“We are actively working on a wind farm on that facility” Rich said. “We are optimistic that it will actually be started in spring to summer of next year.”

Rich said that the most worriesome economic factor going forward, which might impact the endowment, is the potential over valuation of the U.S. stock market. If prices were to drop as markets adjusted and corrected for the overvaluation, investors could see a lower return on investment.

“The conversation in the endowment world is that things look like they are overvalued, especially in the united states,” Rich said “We have a pretty diversified portfolio, we have wide-spread investments so hopefully we could weather that slow down.”

Filed Under: News, Showcase

Other News:

  • Student life implements new software, updates rushing process

  • Conversations about extension of Brown Library hours continuing

  • Dead Day events bring atmosphere of liveliness

About Evan Rodriguez

You are here: Home / News / University endowment fund exceeds yearly goals

Other News:

  • Student life implements new software, updates rushing process

  • Conversations about extension of Brown Library hours continuing

  • Dead Day events bring atmosphere of liveliness

Follow us online

  • Facebook
  • Instagram
  • Twitter
  • YouTube

Optimist on Twitter

acuoptimist The Optimist @acuoptimist ·
3h

BREAKING: Campus is closed today due to inclement weather.

Reply on Twitter 1620118377296699393 Retweet on Twitter 1620118377296699393 Like on Twitter 1620118377296699393 1 Twitter 1620118377296699393
acuoptimist The Optimist @acuoptimist ·
25 Jan

Greek Life has started a partnership with Campus Director, a software company that works with universities all over the country. Read more:

https://acuoptimist.com/2023/01/student-life-implements-new-software-for-spring-rushing-season/

Reply on Twitter 1618294775052144640 Retweet on Twitter 1618294775052144640 Like on Twitter 1618294775052144640 Twitter 1618294775052144640

Optimist on Facebook

The Optimist

24 hours ago

The Optimist
ACU’s Alpha Psi Omega chapter raised money for the Living Waters Charity by putting on a show in the span of 24 hours. See more photos from our gallery: ... See MoreSee Less

Gallery: 24-Hour Musical tells the heartwarming story of Junie B. Jones - Optimist

acuoptimist.com

ACU’s Alpha Psi Omega chapter raised money for the Living Waters Charity by putting on a show in the span of 24 hours. This year, the department chose to perform the beloved children’s musical “...
View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

The Optimist

3 days ago

The Optimist
Greek Life has started a partnership with Campus Director, a software company that works with universities all over the country. Read more: ... See MoreSee Less

Student life implements new software, updates rushing process - Optimist

acuoptimist.com

Greek Life has started a partnership with Campus Director, a software company that works with universities all over the country. The Campus Director software has an algorithm programmed to match rushe...
View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

Videos

Optimist Newscast Jan. 25, 2023

Tune in to this week's newscast for a look at Greek Life rushing, the annual ... [Read More…]

  • Women’s tournament run ended by first-round exit against UTRGV
  • Optimist Newscast Feb. 22. 2022
  • Optimist Newscast 2.16.2022

Latest Photos

  • Home
  • Podcasts

© 2023 ACU Optimist · All Rights Reserved